Consultancy K2 Management has won a construction monitoring contract for Innogy’s 860MW Triton Knoll offshore wind farm off the east coast of England.
The work will include monitoring permitting, design, manufacturing and construction activities and project expenditure on behalf of a consortium of international lenders.
It will run from the fourth quarter of this year until commercial operations in early 2022.
K2 has already worked for two years on the project as the lender’s technical advisor, carrying out due diligence from the feasibility phase to financial close last week.
Triton Knoll project director Julian Garnsey said: “This is a great moment for Triton Knoll and the UK offshore wind industry as we formally secure the means to deliver around £2bn of new UK energy infrastructure.
“Engaging with K2 Management as technical advisor from the early stages has allowed us together to develop a bankable and well-considered project from the beginning.”
K2 Management project manager Vicky O’Connor said: “As the first of the 2017 CfD auction-winning projects to reach financial close; the largest capacity project to be project financed to date; and the first large scale deployment of the MHI Vestas V164-9.5MW, Triton Knoll really is a milestone project for the offshore industry.”
“Working closely with the project team from the early stages of development has allowed for bankability to be inherent throughout the process, resulting in financial close being reached in a relatively short period.
“We are proud to have supported the project and the lending group on this milestone project and look forward to continuing this through construction.”
Offshore construction work is expected to start in late 2019 or the first quarter of 2020.
Innogy owns 59% of Triton Knoll and is managing construction on behalf of partners J-Power (25%) and Kansai Electric Power(16%).
Image: Innogy
K2 extends Triton stay
By EBS